Peter Vander WallFounder driving creative community growth

The economy is changing fundamentally

Name: The economy is changing fundamentally
Uploaded: 2023-04-13T14:00:13+00:00
Duration: 24 s
Channel: Peter Vander Wall
Description: Short excerpt from a YouTube video by Peter Vander Wall arguing that in the past ~10 years the economy has shifted: businesses increasingly must provide…

13 Apr 2023 · 0 min

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Short excerpt from a YouTube video by Peter Vander Wall arguing that in the past ~10 years the economy has shifted: businesses increasingly must provide value to consumers up front (value-first) to demonstrate worth before receiving payment, reversing the traditional pay-then-serve model.

The way the economy functions has actually changed fundamentally in the past, I don't know, 10 years or so. Because it used to be you come pay me, you come pay my business, and then we will provide a service or a product for you. Whereas now it's like, I'm going to give you value from my business and then you're going to pay me, and then I'll give you more value. But the business needs to provide value first in order to establish with the consumer that they're worth spending money with.